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Diesel Prices National Average Diesel Price Per Gallon: $3.070 Oil markets are in a state of anticipation as traders analyze the latest comments from Saudi Arabia’s Energy Minister Khalid Al-Falih. Al-Falih said on Sunday, March 17 that OPEC and its non-OPEC allied producers will “stay the course” in terms of their plan to cut production in an …

Diesel Prices National Average Diesel Price Per Gallon: $3.079 U.S. sanctions against two OPEC members – Venezuela and Iran – have caused some ripples in the oil market. But overall, the sanctions’ effects have been muted. Increased oil production in the United States has offset sanctions against Iranian oil. Moreover, Venezuela’s oil operations had already …

Diesel Prices National Average Diesel Price Per Gallon: $3.076 Will electric vehicles negatively impact oil prices? Saudi Arabia’s Aramco – which is the world’s largest oil company – says no. The transport industry accounts for more than 50% of oil demand. And Morgan Stanley forecast that by 2025 there could be 36 million electric vehicles on …

Diesel Prices National Average Diesel Price Per Gallon: $3.05 After OPEC – along with Russia – announced cuts to oil supplies in December 2018, prices have been steadily edging upward. However, now the suppliers’ deal to cut production is in jeopardy. Saudi Arabia agreed to account for the bulk of OPEC’s cuts. But Russia (a …

Diesel Prices National Average Diesel Price Per Gallon: $3.01 Brent crude was trading at $62.90 a barrel Tuesday morning, up 0.8% West Texas Intermediate stood at $53.46, or 0.6% higher. Last month, President Trump’s administration imposed targeted crude oil sanctions on Venezuela. The move was meant to bar President Nicolas Maduro from accessing oil revenue. …

Diesel Prices National Average Diesel Price Per Gallon: $2.97 Brent crude was trading at $61.90 a barrel Tuesday morning, up 0.6% West Texas Intermediate stood at $52.68, or 0.5% higher. OPEC and its allied producers agreed last week to impose production cuts starting in January 2019 to prevent global oversupply. But according to analysts such …

February 5, 2019 Diesel Prices National Average Diesel Price Per Gallon: $2.97 According to BP CEO Bob Dudley, oil prices are set to improve over the coming months. “I couldn’t predict the oil price,” he said, “but we are planning BP between $50 and $65 [per barrel].” As of today, Brent crude is trading at …

Diesel Prices National Average Diesel Price Per Gallon: $2.97 Analysts fear the political crisis in Venezuela will cause wild swings in oil prices. According to John Kilduff of Again Capital Management, Washington and Caracas have a “symbiotic relationship.” The U.S. has five oil refineries on the Gulf coast that are “heavily reliant” on Venezuelan crude. President Trump …

National Average Diesel Price Per Gallon: $2.96 According to the International Energy Agency (IEA), the U.S. is on track to remain the world’s top crude producer in 2019. “While the other two giants [Saudi Arabia and Russia] voluntarily cut output, the U.S., already the biggest liquids supplier, will reinforce its leadership …

National Average Diesel Price Per Gallon: $2.98 OPEC Secretary General Mohammed Barkindo has expressed concern over the effect of the U.S.-China trade war on market growth in Asia. “Any measures that may impact or constrain trade may likely impact on growth and by extension on demand for energy,” he said. China is …